Profile of BlockFi


BlockFi

BlockFi offered interest-bearing accounts on stablecoins such as USDC and GUSD, with fixed APYs paid monthly. It was one of the early players in the CeFi yield space. However, the platform filed for bankruptcy in 2022 due to exposure to FTX, and all yield services have been suspended. Former users are still awaiting resolution through legal proceedings.


Detailed feature breakdown for BlockFi
BlockFi
Supported Stablecoins USDC, USDT, GUSD, PAX
APY Range (%) 4%–8%
Fees None
Lock-Up Options Flexible
Security Measures Cold storage, insurance, regulatory compliance
Interest Payout Frequency Monthly
Availability Limited (U.S., select regions)
Minimum Deposit No minimum
Maximum Coverage/Protection $100M through Gemini custody
Notable Features Regulated & transparent

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